Financial Services and Financial Institutions (GST/HST) Regulations
3.1 (1) In this section, the expressions registered retirement income fund and registered retirement savings plan have the meanings assigned to those expressions by subsection 248(1) of the Income Tax Act.
(2) The following services are prescribed for the purpose of subparagraph (q)(ii) of the definition financial service in subsection 123(1) of the Act when supplied by a supplier who provides management or administrative services to a person referred to in paragraph (q) of that definition:
(a) the issuance of a financial instrument by, or the transfer of ownership of a financial instrument from, the supplier to the person;
(b) the operation or maintenance of a savings, chequing, deposit, loan, charge or other account that the person has with the supplier; and
(c) if the person is a trust governed by a self-directed registered retirement income fund or a self-directed registered retirement savings plan, the arranging for the issuance, renewal, variation or transfer of ownership of a financial instrument for the person.
- SOR/2001-61, s. 2
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